Business

Chinese telecom firm halts US operations after Commerce ban

By Joe Williams
Published May 9, 2018 7:39pm ET
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Chinese telecom firm halts US operations after Commerce ban
The Department of Commerce cites what it calls ZTE's "planned and organized ... scheme to establish, control, and use a series of [shell] companies to illicitly re-export controlled items to Iran" in contravention of U.S. law. (AP Photo/Manu Fernandez/File) | (AP Photo/Manu Fernandez/File)

Chinese telecommunications firm ZTE Corp. is halting business in the U.S. following the Commerce Department’s ban on supply sales to the company.

The company said it’s working with the relevant agencies to try to overturn the order, which prevents any U.S. company from selling parts and software to ZTE and Huawei Technologies, another Chinese-owned manufacturer of telecommunications products.

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China Treasury Department